Metaplanet will establish a wholly-owned subsidiary in Hong Kong with an initial investment of $1 million

The US stock index futures have undergone a V-shaped reversal, with the Nasdaq futures now up 0.78%, after falling more than 0.6% previously.

OKX-ETH/USDT is currently trading at $2495.75, with a 5-minute increase of 1.64%. Please be aware of market fluctuations.

The market fully expects the Federal Reserve to raise interest rates twice before the end of the year. (Source: Federal Reserve)

Jiang Zhuo'er, founder of Leibit Mining Pool, stated that he has sold 100% of his BTC position at the price of $77226.

The seasonally adjusted CPI monthly rate for August in the United States is 0.4%, with an expected rate of 0.40%, compared to the previous value of 0.10%. AI interpretation: The month on month growth rate of inflation has significantly rebounded and reached the expected upper limit, completely breaking the optimistic expectation of sustained inflation decline. The resurgence of core price pressure in the short term has directly weakened the policy foundation of the Federal Reserve's recent shift towards easing. The market must reassess the duration of the high interest rate environment to address the severe challenges posed by inflationary stickiness. This data highlights the necessity of tightening policies, forcing investors to revise their aggressive pricing on the pace of interest rate cuts.